NLC India Ltd (NLCIL), a prominent public sector enterprise, has announced an ambitious capital expenditure plan worth Rs 1.25 lakh crore to be executed by 2030. The strategic move aims to scale up its total power generation capacity from the current 6.7 gigawatts (GW) to 20 GW over the next five years, with renewable energy emerging as the central focus of this expansion.
Prasanna Kumar Motupalli, Chairman and Managing Director of NLCIL, confirmed that a substantial Rs 65,000 crore of the total capex will be directed toward renewable energy projects and green technology initiatives. This includes a dedicated Rs 15,000 crore earmarked for battery energy storage systems—highlighting the company’s commitment to addressing intermittency challenges and enhancing grid reliability.
Meanwhile, Rs 45,000 crore is slated for thermal power developments, underscoring NLCIL’s approach to maintaining a diversified energy portfolio. An additional Rs 15,000 crore will support its mining operations, which are vital for its integrated energy production model.
In a related development, NLC India Renewables Ltd (NIRL), the company’s green energy arm, is preparing for an initial public offering (IPO). The planned IPO is expected to generate funds that will further accelerate renewable investments. Moreover, NLCIL is exploring opportunities in global critical mineral mining—an essential step for securing raw materials needed for clean energy technologies.
With this forward-looking strategy, NLC India is positioning itself as a key contributor to India’s energy transition and sustainable growth goals.
